Contracts
In NH, a 'land lease' or 'ground lease' arrangement differs from a traditional real estate purchase because:
AThe tenant owns the land but leases the improvements
BThe tenant owns the improvements on the land but leases the land itself from the landowner for a long-term period✓ Correct
CThe government owns the land and leases to private owners
DThe lease automatically converts to ownership after 20 years
Explanation
In a land (ground) lease, the landowner leases the land to a tenant who builds and owns improvements on the site. Long-term ground leases (typically 50–99 years) are used for commercial development. The tenant owns the building; the landowner retains ownership of the land and receives ground rent.
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